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ICCM

IceCure Medical announced that an independent study validated its ProSense cryoblation treatment as a safe and effective outpatient procedure for breast cancer with a 96.8% success rate. This news has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:21 pm

CIFR

CLSK

COMM

CTLP

DFS

FNGR

MARA

MOND

MSC

PBI

PHAR

RIOT

SPHR

TYGO

Several US stocks recorded gains on Monday, with Pitney Bowes Inc. (PBI) gaining 15.5% after announcing a leadership transition. Riot Platforms, Inc. (RIOT) and Marathon Digital Holdings, Inc. (MARA) surged amid an increase in the price of Bitcoin. Sphere Entertainment Co. (SPHR) jumped after a successful U2 concert in Las Vegas. Other companies that saw gains include Tigo Energy, Inc. (TYGO), Studio City International Holdings Limited (MSC), Pharming Group N.V. (PHAR), Cipher Mining Inc. (CIFR), Cantaloupe, Inc. (CTLP), Mondee Holdings, Inc. (MOND), FingerMotion, Inc. (FNGR), Discover Financial Services (DFS), CleanSpark, Inc. (CLSK), and CommScope Holding Company, Inc. (COMM).

Portfolio Pulse from Lisa Levin

October 02, 2023 | 2:20 pm

MARA

RIOT

Shares of Riot Platforms, Inc. (NASDAQ:RIOT) and Marathon Digital Holdings, Inc. (NASDAQ:MARA) are trading higher as the price of Bitcoin has increased by nearly 8% over the last five days. Both companies have significant short interest, with 29.44% of MARA shares and 17.47% of RIOT shares being sold short. Both stocks are also trending among retail investors on Yahoo! Finance.

Portfolio Pulse from Erica Kollmann

October 02, 2023 | 2:20 pm

AMZN

NEGG

NVDA

Nvidia Corp's stock is trading higher amid reports that EU antitrust regulators have not formally investigated chips used for AI. This comes after the French competition authority raided Nvidia for alleged anti-competitive practices. Meanwhile, PC hardware stores in Tokyo have raised concerns over a potential crisis of Nvidia GeForce RTX 40 series graphics cards. In the U.S., retailers like Amazon and Newegg Commerce currently have a significant stock of GeForce RTX 4090 models. Goldman Sachs analyst Steven Kron added Nvidia to the bank's 'Americas Conviction List' with a price target of $605.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 2:19 pm

COIN

Coinbase Global, Inc (NASDAQ:COIN) stock is trading higher after the company won a payment institution license from the Monetary Authority of Singapore. This license will facilitate the expansion of Digital Payment Token services in Singapore. The company has also tailored its offerings to meet the specific needs of the local market, including integrating PayNow and FAST bank transfers, and incorporating SingPass to streamline the onboarding process.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 2:16 pm

PYPL

A significant bearish stance has been taken on PayPal Holdings (NASDAQ:PYPL) by a large investor, as indicated by a big position in the company's publicly available options history. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $52.5 to $100.0 for PayPal Holdings over the last 3 months. Mizuho, MoffettNathanson, and Piper Sandler have downgraded their ratings on PayPal.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:16 pm

WFC

A significant bullish stance has been taken on Wells Fargo (NYSE:WFC) by a large investor or institution, as indicated by a large position in the company's options. The sentiment among these big-money traders is 70% bullish and 30% bearish. The whales have been targeting a price range from $37.5 to $45.0 for Wells Fargo over the last 3 months. Deutsche Bank and HSBC have downgraded their actions to Buy and Hold respectively, with price targets of $44 and $45.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:16 pm

FXI

China Evergrande Group has applied for trading of its shares to resume on Tuesday, following a suspension due to the detention of its founder Hui Ka-yan. The company's property services arm, Evergrande Property Services, has also applied for trading to resume. Evergrande, the world's most indebted developer, has struggled to restructure its offshore debt and sparked a crisis in China's property sector when it defaulted two years ago. The crisis has now widened, affecting other developers like Country Garden Holdings.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:16 pm

SPR

Spirit AeroSystems Holdings Inc (NYSE:SPR) has appointed Patrick M. Shanahan as interim President and CEO, replacing Thomas C. Gentile. Shanahan, a member of the company's Board since November 2021, has a career spanning commercial and military programs. The company's shares are trading lower by 1.20% at $15.95.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 2:13 pm

DIA

QQQ

SPY

TSLA

Congress passed a stopgap bill to prevent a government shutdown, which was a point of concern for investors. The PCE data released last Friday showed higher non-CORE PCE than previous months, causing 2 out of 3 major indexes [(ARCA: SPY), (NASDAQ:QQQ), (NYSE:DIA)] to close in negative territory. Tesla (NASDAQ:TSLA) announced its Q3 delivery report, showing potential for a major rebound.

Portfolio Pulse from Thrash Capital

October 02, 2023 | 2:13 pm